Q2 2018 Earnings Estimate for D.R. Horton, Inc. (DHI) Issued By Wedbush

D.R. Horton, Inc. (NYSE:DHI) – Research analysts at Wedbush increased their Q2 2018 earnings per share estimates for shares of D.R. Horton in a research report issued to clients and investors on Thursday. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $0.69 per share for the quarter, up from their previous forecast of $0.68. Wedbush has a “Outperform” rating on the stock. Wedbush also issued estimates for D.R. Horton’s FY2018 earnings at $3.16 EPS.

Several other brokerages have also weighed in on DHI. Wells Fargo & Company reissued an “outperform” rating and issued a $41.00 price objective (up from $39.00) on shares of D.R. Horton in a research report on Monday, July 10th. BidaskClub raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Deutsche Bank AG reissued a “hold” rating and issued a $36.00 price objective (up from $34.00) on shares of D.R. Horton in a research report on Thursday, July 27th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $42.00 price objective (up from $41.00) on shares of D.R. Horton in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.59.

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D.R. Horton (NYSE:DHI) opened at 37.17 on Friday. The firm has a 50-day moving average price of $36.19 and a 200 day moving average price of $34.41. The firm has a market capitalization of $13.91 billion, a P/E ratio of 13.93 and a beta of 1.24. D.R. Horton has a one year low of $26.69 and a one year high of $37.78.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. D.R. Horton’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a $0.10 dividend. The ex-dividend date was Monday, August 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.08%. D.R. Horton’s dividend payout ratio (DPR) is currently 15.04%.

D.R. Horton declared that its board has approved a share repurchase program on Wednesday, July 26th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, Director Bradley S. Anderson sold 10,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total value of $374,600.00. Following the completion of the transaction, the director now owns 36,828 shares of the company’s stock, valued at $1,379,576.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Buchanan sold 9,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $37.06, for a total transaction of $333,540.00. Following the completion of the transaction, the director now directly owns 24,880 shares of the company’s stock, valued at approximately $922,052.80. The disclosure for this sale can be found here. Insiders sold 24,666 shares of company stock valued at $912,606 in the last three months. Company insiders own 7.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Shufro Rose & Co. LLC lifted its holdings in shares of D.R. Horton by 0.3% in the first quarter. Shufro Rose & Co. LLC now owns 11,383 shares of the construction company’s stock worth $379,000 after acquiring an additional 33 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of D.R. Horton by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock worth $503,000 after acquiring an additional 37 shares during the last quarter. BKD Wealth Advisors LLC lifted its holdings in shares of D.R. Horton by 0.3% in the second quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock worth $394,000 after acquiring an additional 39 shares during the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of D.R. Horton by 0.4% in the second quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock worth $355,000 after acquiring an additional 42 shares during the last quarter. Finally, Cleararc Capital Inc. lifted its holdings in shares of D.R. Horton by 0.7% in the first quarter. Cleararc Capital Inc. now owns 8,293 shares of the construction company’s stock worth $276,000 after acquiring an additional 59 shares during the last quarter. 82.31% of the stock is owned by hedge funds and other institutional investors.

About D.R. Horton

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

Earnings History and Estimates for D.R. Horton (NYSE:DHI)

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